Free Trial

TECHS: (M0) Spikes Higher *RES 4: 141.13.......>

BTPS
BTPS: TECHS: (M0) Spikes Higher
*RES 4: 141.13 High Apr 9
*RES 3: 140.67 50-day EMA
*RES 2: 140.00 Round number resistance
*RES 1: 139.01 High Apr 27
*PRICE: 138.51 @ Close Apr 27
*SUP 1: 134.61 Low Apr 24
*SUP 2: 132.61 Low Apr 22 and the bear trigger
*SUP 3: 132.30 61.8% retracement of Mar 18 - 27 rally
*SUP 4: 130.00 Round number support
BTPS spiked higher yesterday and extended further the recovery that has unfolded
off 132.61, Apr 22 low. The bounce is likely a correction however for now price
still appears supported. An extension higher would expose 140.00 and an
important resistance area at 140.67. The latter level is the 50-day EMA. On the
downside, support lies at 134.61, Apr 24 low where a break is required to dampen
current bullish sentiment and signal a retest of 132.61.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.